Who is Stanley Chera? |Stanley Chera Biography and Wiki

Stanley I. Chera (October 22, 1942 – April 11, 2020) was an American businessman and a prominent New York City real estate developer and Republican donor who co-founded Crown Acquisitions, Chera died of complications related to COVID-19, a source close to Chera confirmed to the public media.

He is survived by three sons, Isaac “Ike” Chera, Haim Chera, and Richard Chera who are all active in the family business.

Stanley Chera Age At Death | Cause Of Death

Chera was born in 1942 in Brooklyn and died on -, in New York City, U.S.Stanley Died at the age of 77. His health deteriorated which led to him being hospitalized in March 2020. Stanley later tested positive for COVID-19. Prior to his hospitalization, he had relocated to his home in Deal, New Jersey. Chera entered a coma the following week and died on April 11, 2020.

Chera’s illness and death contributed to US President Donald Trump’s decision to abandon his call to ease social distancing guidelines in the United States by Easter, as Chera had been one of Trump’s closest friends. Trump actually spoke about his friend’s health before his death stating, “I had a friend who went to a hospital the other day. He’s a little older, and he’s heavy, but he’s a tough person”.And he went to the hospital, and a day later, he’s in a coma…he’s not doing well”.

Stanley Chera Family

He was born in a Syrian Jewish family. Stanley Chera’s father Isaac Chera started a retail store called Young World in Brooklyn, New York. The family later bought the building and grew Young World into a chain purchasing the buildings as they expanded.

Stanley Chera Wife | Married

Chera was happily married to his wife Frieda. The couple lived a very private life, they did not want to expose their married life to the media; thus there is no information regarding Stanley chera’s Wife. Chera and his Wife Frieda Chera might have been married for quite a long time now. together they have been blessed with three children namely, Isaac “Ike” Chera, Haim Chera, and Richard Chera.

Stanley Chera Son | Haim Chera

Haim Chera is a businessman just like his father, he is a principal in Crown Acquisitions and one of three sons Stanley Chera. The Chera family started in the apparel business and invested in the buildings that housed its line of children’s clothing stores, branded as Young World, founded by patriarch Isaac Chera.

By the late 1980s, Isaac’s son Stanley, founder of Crown Acquisitions, was investing in major Manhattan real estate. Much of the daily operation of the firm is now handled by Stanley’s three sons, Isaac (known as Ike), Haim and Richard.

Chera’s Crown Acquisitions signed a deal in 2008 with now-Trump son-in-law and White House senior adviser Jared Kushner’s firm The Kushner Companies and private equity firm The Carlyle Group. Crown Acquisitions and Carlyle Group took a stake in the retail portion of the building at 666 Fifth Avenue in New York City, which was owned by Kushner Companies.

Stanley Chera Facts and Body Measurements

Here are some interesting facts you don’t want to miss about Stanley Chera

• Full Name: Stanley Chera
• Age At Death/ How Old?: 77 years at the time of death
• Date of Birth: October 22, 1942
• Place of Birth: Brooklyn
• Education‎: Graduate
• Date He died: April 10, 2020, in New York City
• Nationality: American
• Father’s Name: Isaac Chera
• Mother’s Name: Updating
• Siblings: Updating
• Married?: Updating
• Children/ Kids: Three
• Height/ How tall?:Updating
• Weight: Updating
• Profession: Business man
• Net worth: Updating

Stanley Chera Business Man

In the 1980s, the late Stanley Chera began buying real estate in New York City initially as a minority partner and later in 2000s as the lead developer. He was widely recognized for developing or “repositioning” the retail portion of his buildings and then selling the property.

In a joint business dealing with The Carlyle Group and Charles Kushner, Chera sold the retail portion of 666 Fifth Avenue in two business dealings which translated to $1 billion; and also the retail portion of the St. Regis Hotel in a joint venture with Lloyd Goldman and Jeffrey Feil which was $380 million.

In 2010, he started the restoration of The Knickerbocker Hotel in Manhattan.In 2012, Chera acquired 49.9% interest in a four-building Fifth Avenue portfolio that consisted the Olympic Tower for $1 billion from the Alexander S. Onassis Public Benefit Foundation.

In June 2013, Chera bought 650 Madison Avenue for $1.3 billion in partnership with Highgate Holdings from the Carlyle Group. He was an investor in the One World Trade Center and accumulated a lot of property in Red Hook, Brooklyn.

Crown is also a dominant investor together with Albert Laboz, Joseph Jemal, and Eli Gindi in the Fulton Mall in Brooklyn. Chera had a conservative investment strategy that involved not borrowing more than 25 to 35% of the purchase price given. In 2009, Crown held 15 million square feet of real estate in New York City.

Stanley Chera and Donald Trump Friendship

Chera was a business partner as well as friends with President Donald Trump. From 2016 to 2019, Chera donated a total amount of $402,800 to Donald J. Trump for President Inc. and Trump Victory, organizations committed to supporting Trump’s presidency, as per the Federal Election Commission records. Stanley Chera and Donald Trump were great friends, actually there was a time when Chera introduced Trump at the New York City Veteran’s Day Parade last November, calling the president “my dear friend.”

Stanley Chera Philanthropy

The late Stanley Chera was also a philanthropist who funded causes like soup kitchens. His ultimate philanthropic passion was helping special needs children, moreover, he was a co-founder of the nonprofit Sephardic Community Center in Brooklyn.

Stanley Chera Net Worth

Chera has been in the business industry for quite a long time. He has no doubt amassed a huge fortune with the bulk of his businesses and investments. Despite his obvious riches, Chera prefers to lead a modest lifestyle. However, the specifics about his assets and liabilities are still under review making it difficult to establish his actual net worth. His salary is also undisclosed.

Frequently Asked Questions About

Stanley Chera

Who is Stanley Chera?

Stanley I. Chera (October 22, 1942 – April 11, 2020) was an American real estate developer and founder of Crown Acquisitions. He was a prominent New York City real estate developer and Republican donor who co-founded Crown Acquisitions, Chera died of complications related to COVID-19

How old was Stanley Chera At the Time of His Death?

Chera was 77 years at the time of his death. He died on April 11th 2020, in New York.

What is Stanley Chera Known For?

Chera will be remembered as a successful mogul who had a heart for the poor.He was a cheerful giver and he helped the needy in the society. He was a co-founder of the nonprofit Sephardic Community Center in Brooklyn.

Is Stanley Chera married?

Chera was happily married to his wife Frieda. The couple lived a very private life, they did not want to expose their married life to the media; thus there is no information regarding Stanley chera’s Wife. Chera and his Wife Frieda Chera might have been married for quite a long time now. together they have been blessed with three children namely, Isaac “Ike” Chera, Haim Chera, and Richard Chera.

How much is Stanley Chera worth?

He has not yet revealed his net worth. We will update this section when we get and verify information about the wealth and properties under his name.

What was Stanley Chera Cause of death?

He tested positive for COVID-19. Prior to his hospitalization, he had relocated to his home in Deal, New Jersey. Chera got into a coma the following week and died on April 11, 2020

Where did Stanley Chera live?

He was a resident of New York, we shall upload pictures of his house as soon as we have them.

Is Stanley Chera dead or alive?

He died on April 11, 2020, from COVID-19 complications.